Kindly Ensure the Following Instructions While Executing Formalities for Issue of Duplicate

KINDLY ENSURE THE FOLLOWING INSTRUCTIONS WHILE EXECUTING FORMALITIES FOR ISSUE OF DUPLICATE SHARE CERTIFICATES.

1.  Kindly execute and forward us an Indemnity Bond and an affidavit on Non-judicial Stamp paper or affix special adhesive stamps along with surety form duly filled in and signed by surety as per the enclosed format.

A.  Indemnity agreement on Rs.200/- stamp paper

B.  Affidavit on Rs. 50/- stamp paper

2.  The Indemnity Bond should have been issued in the name of principal/first registered holder.

3.  Names, addresses and signatures of the two different witnesses should be furnished on the Indemnity Bond and the witnesses should be other than registered holders and sureties.

4.  The signatures of the all registered holders, including joint holders(s), if any, appear on the indemnity Bond and affidavit should be tallied with the specimen recorded with the Company.

5.  Names, addresses and signatures of the surety who have signed on the surety form should also sign on the Indemnity Bond.

6.  Registered holder / joint holder (s) who is/are executing Indemnity Bond should not sign as surety or witness.

7.  Corrections made on the Indemnity and affidavit should be authenticated (signature at the place of correction) by the registered holder(s).

8.  The duly executed Indemnity Bond should be attested by first class / special Executive Magistrate under their official seal.

9.  Forward us a copy of FIR or complaint lodged with local police station for the lost/stolen/theft share certificate/s mentioning details of the shares and if Xerox of FIR is enclosed the same should be attested.

DRAFT FOR THE INDEMNITY BOND

To

Lupin Limited

Investor Services

159, C.S.T. Road, Kalina

Santacruz(east), Mumbai – 400 098

WHEREAS

(1)  Mr. / Mrs. / M/s. ------(name of the shareholder/s) is/are registered in the Register of Members and other Books of the company as the holder (s) of following shares of the Company

Ledger Folio No. / No. of Shares / Share Certificate No. (s) / Distinctive Nos.

(2)  It has been stated to the Company that the Certificate(s) of the said Shares has / have been lost or misplaced and the same cannot be found.

(3)  Mr. / Mrs. / M/s.------

(name/s of the shareholder/s) has /have applied to the Company for duplicate Share Certificate (s).

In Consideration of the Company issuing such Duplicate Certificate (s), I/ We Mr./Mrs/M/s.------

(name/s of the Shareholder/s including Joint Holders) and Mr./Ms.------

(name of Surety)* for ourselves, respective heirs, executors and administrators do hereby jointly and severally covenant with the Company, its successors or assignees that we and our heirs executors and administrators respectively, will at all times and from time to time save, defend and keep harmless and indemnify the Company, its successors, assignees and the Directors thereof and their respective heirs, executors administrators, each of their estates and effects from and against all actions causes, suits, proceedings accounts, claims and demands whatsoever on account of the said Shares loss or non-production of the Certificates thereof, on the part of any person or persons whomsoever and against all damages costs charges, expenses and sums of money incurred in respect thereof or otherwise in relation of the premises.

I/We declare that I/we have not deposited the original Share Certificate (s) by way of security or otherwise, or transferred or sold, the said Shares or any of them and I/we agree and confirm to return forthwith to the company for the purpose of cancellation the said original Share Certificate (s) in case, the shall be found.

I/We further declare and agree in writing, that in the event of my/our failure to compensate the company in any action, suits and proceedings with Company which the Company might face for having issued the duplicate Share Certificates at my/our request, the Company can have a lien in general on all the Share which I/We am/are now holding or I/We may be holding hereafter and also the Dividend/Interest declared or payable on the said Shares.

I/ We the said Mr. / Mrs / M/s.------(names of all the Share Holders) ------(name of surety) undertaken on demand by the company to return and redeliver such duplicate Share Certificates(s) and without such demand to produce and return to the Company the Original Certificate (s) when found or traced and to take all actions, suits and proceedings at our own cost, as the Company shall require for the recovery thereof, otherwise in relation to the premises.

Dated : this Day of 200

Shareholder 1
Name:
Address:
Signature: / Shareholder 2
Name:
Signature:
Shareholder 3
Name:
Signature: / Surety
Name:
Address:
Signature:
Witness 1
Name:
Address:
Signature: / Witness 2
Name:
Address:
Signature:

*Surety should not be a Share holder / joint Holder or witness or vice versa.

(Private & Confidential)

DRAFT FORM TO BE FILLED IN AND SIGNED BY THE SURETY PROPOSED FOR

THE INDEMNITY BOND

1. Name in full :

2. Permanent Residential Address :

3. Age :

4.  Name & Address of employer and

the salary and other emoluments to be shown

separately.

OR

Details of immovable property owned (absolutely)

In your own name not as member of HUF)

Within municipal limits

a. Situation :

b. Valuation :

c. Annual rent realised :

(Please provide details of the immovable property)

OR

. a. Nature of value of Business :

(in your own name & not as partner)

b. Annual turnover :

c. Annual profits :

Date ______(Signature of the Surety)

Place ------
AFFIDAVIT

To:

Lupin Limited

Investor Services

159, C.S.T. Road, Kalina

Santacruz(east), Mumbai – 400 098

I/We ______S/o. ______aged ______year

______residing at ______

Solemnly affirm and declare as follows :

1. That I / We/ am / are the sole / joint holder(s) of ______number of equity share(s) in Lupin Limited

Folio no. / No. of Shares / Share Certificate no. / Distinctive Nos
From To

2.  That the above share(s) were acquired by me/us for valuable Consideration out of my /our own investment / funds against allotment in public issue / Bonus issue / acquired from the market.

3.  That I / We have not pledged the original certificate(s) by way of security or collateral or otherwise have not sold the above mentioned share(s) anytime to any person.

4.  That the stop transfer instructions given by me / us are not on the grounds of the non-payment by my / our Broker /Sub-broker.

5.  That I / We have genuinely lost / misplaced the above mentioned share(s).

6.  That I / We am /are solely responsible for any future liabilities in respect of the above mentioned securities.

This affidavit is executed in favour of the Company on my / our own volition and is in the form as required

by the Company.

Cont..2

-  2 –

VERIFICATION

I / We solemnly affirm that the statements contained in the above paragraphs are true to the best of my / our knowledge information and belief and that nothing material has been concealed from being disclosed.

Solemnly declared and affirmed on Identification at ------on this ------day of ------2008

Deponents

1. ______

______

______

2. ______

______

______

Before the Executive Magistrate or Notary Public.